Well, as you can see, the gold reacted negatively when it reached $1765, and the reason for this was that the price reached a Bearish Breaker Block (BBB) and at the same time the Equilibrium level (Fibo 50%), now the price is trading in the range of $1760 and We can expect a drop to $1750 to $1753 as the next price target! If there is a positive reaction and consolidation above this range, we can expect the price to return to $1762 , otherwise the next target will be $1742 to $1745 !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 08.25.2022 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.